Your responsibilities

As Model Validator at Lloyds Bank, you'll keep busy with: 

• Technical Validation of all aspects of risk models, including new developments, model changes and periodic validations

• Challenging data processing, statistical and business soundness of the model and model performance

• Deep-dive analyses of root causes of identified issues and assessing their impact on the model, its usability, and uncertainty

• Development of challenger models

• Clear, precise and structured reporting of the validation results

• Providing user feedback to improve the Model Risk Management and Model Validation Framework

• Participating in improvement initiatives such as automation of model testing and reporting

• Presentation of validation results to the Model Risk Committee

• Maintaining knowledge of Model Risk and regulatory requirements and standards

Your team

Model Validation team is responsible for:

• Independent Validation of the models;
• Maintenance of the Model Risk Management Framework and Model Validation Framework;
• Oversight of the process of Model (Risk) Management across the Bank;
• Model Risk Management and Reporting.

The Bank develops and uses a wide range of internally and externally developed models in its various processes including Credit Risk, Market and Liquidity Risk, Underwriting and Pricing, Fraud Detection, Stress Testing and Economic Capital.

In order to manage the risk stemming from reliance on those models, we’re dependent on knowledgeable and motivated people like you, who:

• Build relationships within the team in order to effectively perform the validation work and foster cooperation;
• Connect with Model Owners, Model Developers and Model Implementers, with the goal of effectively challenging the processes of model development, implementation and usage;
• Rely on their strong statistical background, combine it with the understanding of how Banks work, do their numbers and summarise them into concise and risk-based reports;
• Deliver actionable information to the management, enabling well-informed decisions with a positive impact on the Bank.

About Lloyds Bank

Lloyds Bank GmbH is part of Lloyds Banking Group, a financial institution with a large clientele in the UK and other parts of the world. Together with our office in Berlin, we form Lloyds Bank GmbH with its headquarters in Amsterdam and we have over 500 colleagues.

We aim to lead by example in the bold decisions we make as a business, from where and how we invest, to the products and services we offer, and of course the workplace we create. We will search for new ways to work with people, communities and businesses, to always evolve with their needs. And we will never stop innovating to make sustainable, ethical choices easy and rewarding.

At Lloyds Bank GmbH we play an important part in peoples’ lives, by the products we offer, and also how we operate. We finance your mortgage, keep your savings secure and also provide you with a personal loan if you need this. In Amsterdam we do this with an enthusiastic team of approximately 200 colleagues from different nationalities, and with an engagement score of 93%, colleagues find us a real ‘Great Place to Work’!

With our grand ambitions, we are looking for new colleagues who will bring fresh ideas to help us grow!

You and your experience

Qualifications

• University degree in a relevant subject (econometrics, statistics, quantitative finance, actuarial science, or similar)

Experience & Knowledge

• Experience in model development or validation in a financial institution, preferably an EU bank
• Solid knowledge of probability, statistics, hypothesis testing, statistical modelling, modelling assumptions, machine learning, model performance testing
• Programming skills in SQL/SAS/Python or similar languages

Capabilities

• Highly analytical approach to problem solving
• Ability to assimilate complex mathematical information into actionable insights
• Hands-on mentality, proactive attitude and curiosity
• Attention to detail
• Ability to prioritise
• Excellent English communication skills, both verbal and in writing

What are we offering you?

• Small and efficient team that gets things done
• International environment across two EU offices
• Freedom to work in Amsterdam or Berlin, with possibilities to travel to each location to connect with colleagues across the bank
• Challenging work environment that thinks outside the box and focuses on what matters
• Space to make an impact and improve the processes
• Work on different models across the Bank in line with your development goals and business needs

What's in it for you? 

On top of being part of a great group of colleagues we offer you a position for 32 to 40 hours a week. This aligns with a compensation package in line with the market and excellent secondary employee benefits, including:

• 13th month salary, either paid monthly or once a year in December
• 30 days PTO (or 240 hours) per year (based on fulltime employment)
• You can ‘Swap Days’ to exchange Dutch National Holidays for another day of your choosing
• Non-contributory pension scheme
• You can join our collective medical scheme with a discount
• To support our Green goals, we encourage you to purchase a bike via our bike plan
• We want you to be healthy, so support you in joining a gym of your choosing through our sponsored (bedrijfs-) Fitness
• Get to know everyone in person and join the quarterly Connection Events

We also value your work-life balance, so offer;

• Flexible working; you can schedule your work hours to meet your personal needs
• Hybrid working; you can work from anywhere, even work from another country within the EU
• And provide you with a home office set up

Your recruitment process